Sodiaal is a french cooperative that owns the name, the trade secrets, and the patents on yoplait yogurt. before it purchased a controlling stake in yoplait s. a.s. in 2011, general mills paid sodiaal for the right to sell yoplait yogurt in the united states. this is an example . licensing. b. a strategic alliance. c. exporting. d. a global joint venture. e. direct investment.

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.